Special Report 3-Sep-2018
Global markets at a glance The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. Capping a low-volume, late-summer week marked by tariffrelated volatility, all three major US indexes posted net gains for the period. The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January. Talks between Canada the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal. Asian stocks dipped on Monday on worries about further escalation of the US China trade war and unstable emerging market currencies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan's Nikkei fell 0.4 percent though trade could be subdued due to a US market holiday on Monday. It looks almost certain that Trump will impose 25 percent tariffs on USD 200 billion worth of imports from China. Previous day Roundup The Nifty50 after opening gap down traded in a big range of around 90 points throughout the session and closed flat with a positive bias on Friday. The consolidation for last three consecutive sessions indicated that traders turned cautious after sharp. The index made small bullish candle and formed 'Long Legged Doji' pattern on the daily charts. On the weekly charts, it formed 'Shooting Star' kind of pattern. A typical long-legged Doji pattern is formed when the opening price is almost equal to the closing price but there was a lot of intraday movement on either side.The Nifty50 opened at 11,675.85 and closed at 11,680.50. After opening with negative bias, the index immediately rebounded to hit an intraday high of 11,727.65 but at the end of first one hour of trade it corrected to hit day's low of 11,640.10. Overall it remained rangebound throughout the session. According to Pivot charts, the key support level is placed at 11,637.83, followed by 11,595.17. If the index starts moving upwards, key resistance levels to watch out are 11,725.43 and 11,770.37. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[0.50], Consumption[-7.25pts],PSE[23.90pts],CPSE [11.75pts],Energy[-197.60pts],FMCG[67.55pts],Auto [1.65pts],Pharma[270.40pts],IT[281.55pts],Metal[ 17.25pts],Realty[-0.20 pts], Fin Serv sector[-24.30pts].
World Indices Index
Value
% Change
25,986.92
-0.53
S&P500
2,900.75
-0.04
NASDAQ
8,088.36
-0.26
FTSE100
7,510.03
-0.63
22,882.46 27,882.46
-1.01 -1.01
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Dr Reddys Labs
2,492.00
111.85
4.70
Tech Mahindra
765.80
33.90
4.63
Lupin
931.45
37.80
4.23
Tata Motors
267.50
8.15
3.14
1,046.45
29.90
2.94
CMP
Change
% Chg
343.50 6,747.80 1,241.65 2,856.60 965.30
-18.25 -182.10 -32.80 -70.15 -17.65
-5.04 -2.63 -2.57 -2.40 -1.80
HCL Tech
Top Losers Company
Yes Bank Bajaj Finserv Reliance Bajaj Finance M&M
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ABBOTINDIA
7956.9
313.1
3.93
ALBERTDAVD
514.3
102.85
20
3320.9
-90.9
-2.74
7.2
0.85
11.81
202.65
-0.65
-0.32
Prev. Close
Change
%Chg
27.95 4.6 993.7 19.35 4.75
0 0 -1.8 -0.95 0.2
0 0 -0.18 -4.91 4.21
ATUL CENTEXT CUB
Stocks at 52 Week’s LOW Symbol
AARVEEDEN ABGSHIP ACCELYA AICHAMP AMTEKAUTO
Indian Indices Company
CMP
Change
% Chg
NIFTY
11680.50
3.70
0.03
SENSEX
38645.07
-45.03
-0.12
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